The investment is part of a 550 trillion won private-sector investment plan unveiled by the South Korea government to support high-tech sectors

Data was in line with hopes for an economic revival led by consumption as flagging global demand weakened Chinese exports

One of the government officials directly involved in the matter said New Delhi is "not comfortable" with foreign trade settled in yuan but said settlement in "dirham is okay"

Over the weekend, India’s SVC Bank rushed to calm panicked depositors after they mistook it for the California based Silicon Valley Bank

The island's president Tsai Ing-wen has championed the idea of "asymmetric warfare" to make Taiwan's forces more mobile and harder to attack

"No other bankers in the US provide the level of services SVB used to offer," said an executive at a major Chinese investment bank, which has deposits at Silicon Valley Bank

BYD’s Europe president said the company doesn’t “understand what happened” to the UK after its decision to exit from the European Union

Investors hope premier Li Qiang's close ties with president Xi Jinping will enable him to push for more business-friendly policies

The island's defence ministry said China was increasingly "adopting an actual war approach and shifting from training to combat preparation"

Several Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed their exposure to Silicon Valley Bank over the weekend

At least one WeChat group with several hundred members has been formed by anxious Chinese clients of SVB seeking to safeguard their interest

Yi Gang's re-appointment "shows China wants to at least have a dialogue with the United States on monetary policy and financial cooperation," experts say